Extension of the Contract Period Sample Clauses

Extension of the Contract Period. This Agreement may be renewed for a further period of six (6) months at the sole discretion of Seller, upon the same, revised or other terms and conditions as may be mutually agreed for the purposes of renewal. The buyer agrees to execute such documents as may be necessary to give effect to the Contract for the extended period.
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Extension of the Contract Period. 3.1 It is hereby agreed and recorded by the Parties that the Contract period be extended for 18 months from 1 July 2025 till 31 December 2026 at the same rates, terms and conditions. 3.2 Irrespective of date of signature this extension comes into effect on 1 July 2025. 3.3 Notwithstanding clause 3.1 above, the City retains the option at its sole discretion to extendthe Contract Period for such further period as may be mutually agreed with the Contractor,subject to compliance with all the applicable legislation and official policies.
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Extension of the Contract Period. In the event that a material breach or default of this Agreement causes delay in achieving the Appointed Date or leads to reduction in Availability, as the case may be, NMMC shall, in addition to payment of compensation under Article 17.2, extend the Contract Period, such extension being equal in duration to the period by which the Appointed Date was delayed or Availability was reduced on account thereof, as the case may be; and in the event of reduction in Availability below 85% (eighty five per cent) of the Normative Availability, NMMC shall, in addition to payment of compensation hereunder, extend the Contract Period in proportion to the loss of Availability. For the avoidance of doubt, loss of 25% (twenty-five per cent) of Availability for 4 (four) days shall entitle the Concessionaire to extension of 1 (one) day in the Contract Period. The Contract Period shall be extended for the Renewable Energy Project Facilities (which have a useful life beyond the Expiry Date), by a period equal in length to the period during which the Concessionaire was prevented from generating or transmitting electricity on account thereof and to compensate for the lost Units as per Financial Model.
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Extension of the Contract Period. In the event that OSI, MRC CC and SANKYO agree at any time prior to three (3) months before the expiration of the initial Contract Period, the Contract Period shall be extended for an additional one (1) or two (2) years upon terms and conditions mutually acceptable to OSI, MRC CC and SANKYO. Research funding to be borne by SANKYO for this extended period shall not exceed an aggregate of ** US Dollars ** a year for the activities of OSI and MRC CC. ----------------------- ** This portion redacted pursuant to a request for confidential treatment. 2.9.1 Establishment of the Research Committee. A Joint Collaborative Research Committee ("Research Committee") shall be established to supervise and manage the Research Collaboration. The Research Committee shall consist of six (6) members, with three (3) designees from SANKYO, two (2) designees from OSI and one (1) designee from MRC CC. In the event any member of the Research Committee shall resign or be replaced, OSI or MRC CC or SANKYO, as the case may be, may designate a replacement and shall provide the other party with advance notice thereof. The designated members may, where appropriate, be accompanied by company scientists for the purpose of presenting the results of the Research Program. OSI or MRC CC or SANKYO reserve the right to designate one alternate member who may attend any Research Committee meeting that the original designate is unable to attend.
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Extension of the Contract Period. The Contract Period may be extended by agreement between the Parties using the procedure stated in Schedule 8 (Supply Contract Variation Procedures).
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Related to Extension of the Contract Period

  • Extension of Initial Contract Period 31.1 Subject to clause 13 (Price Adjustment on Extension of the Initial Contract Period), the Authority may, by giving written notice to the Contractor not less than three (3) Month(s) prior to the last day of the Initial Contract Period, extend the Contract for such further period as may be specified in the notice. The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause 13) throughout any such extended period.

  • Extension of the Term At least two months prior to the third anniversary of the Effective Date, the Parties will evaluate the effectiveness of this Agreement and decide whether to extend the Term.

  • Extension of Term If the term of NASPO ValuePoint Master Agreement is extended for any reason, the Term of this Participating Addendum shall be automatically modified to account for that extension, so long as such extension complies with the Colorado Procurement Code.

  • TERM OF THE CONTRACT This Contract begins on 07/01/2015 and ends on 06/30/2016. DSHS has the option, in its sole discretion, to renew the Contract. DSHS is not responsible for payment under this Contract before both parties have signed the Contract or before the start date of the Contract, whichever is later.

  • Extension of Termination Date (a) The Borrower may at any time after the end of the Availability Period, provided that the aggregate value of all Outstandings is no more than EUR420,000,000, by written notice (the “Renewal Request”) request that the Termination Date be extended to the Extended Termination Date in accordance with a new proposed repayment schedule (“the New Repayment Schedule”) replacing the table set out in paragraph (b) of Clause 6.1 (Repayment of the Loans) (the “Extension”), provided such Renewal Request is received by the Facility Agent no earlier than one hundred and twenty (120) days and no later than ninety (90) days prior to the date on which the Borrower wants the Extension to take effect (the “Effective Date”). (b) The Facility Agent shall promptly notify each Lender and the Federal/State Guarantors of its receipt of a Renewal Request. Each Lender shall have the right, in its absolute discretion, to accept or decline any Renewal Request and the Federal/State Guarantors shall have the right to veto the Extension. A Lender and the Federal/State Guarantors which agree(s) to the Extension as requested by a Renewal Request shall notify the Facility Agent of its agreement within sixty (60) days after the date on which the Facility Agent has notified the Lenders and the Federal/State Guarantors (the “Renewal Decision Date”). If a Lender or the Federal/State Guarantors do not so notify the Facility Agent, it/they will be deemed to have declined or vetoed the Extension. (c) If all the Lenders, together with the Federal/State Guarantors, agree to the Extension, then: (i) on the Effective Date, the date for the repayment of the participations in the Loans of the Lenders as at the Termination Date will be extended to the Extended Termination Date in accordance with the New Repayment Schedule; and (ii) the Borrower shall, on the first (1st) Business Day after the Effective Date, pay to the Facility Agent for each Lender an extension fee in an amount which shall have been agreed amongst the Borrower and the Lenders prior to the Renewal Decision Date. (d) If any Lender or the Federal/State Guarantors decline to agree to or vetoes the Extension, the Borrower shall, on the Termination Date, repay in full the Loans. (e) A Renewal Request is irrevocable and may not be withdrawn.